France's Total is considering stopping sales of fuel oil to power markets a...
) is considering stopping sales of fuel oil to power markets as the energy giant seeks to reduce its carbon footprint and grow its renewable power business, its chief executive told Reuters.
Fuel oil is one of the most carbon intensive refined oil products, used mainly for power generation and as a marine fuel. Many refiners, including Total, have in recent years upgraded plants in order to cut their fuel oil output as the shipping sector shifted to cleaner fuel. Its petroleum product sales, which include refined products and chemicals, reached 4.1 million barrels per day in 2019.
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